The Reserve Bank of India (RBI) has made the Know Your Customer (KYC) process mandatory to enhance security and curb ...

Mumbai, June 12 -- The Reserve Bank of India (RBI) came up with a list of of amendments to its Know Your Customer (KYC) norms. The Reserve Bank has observed a large pendency in periodic updation ...

The Reserve Bank of India (RBI) amended its instructions on KYC (Know Your Customer) updates on June 12, allowing Business Correspondents (BCs) to facilitate the process, and mandating advance ...

RBI has simplified the KYC process for inactive bank accounts. Customers can now complete KYC via video call or by visiting any branch. Even with pending KYC, low-risk customers may be allowed ...

While the U.S. Bank Secrecy Act (BSA) of 1970 marked a pivotal moment in KYC's (Know Your Customer) regulatory history, it is essential to acknowledge that similar legislative efforts were ...

But what has thrown them in a tizzy is that in spite of completing the re-KYC process in April, the issuer bank, SBM India, has not given any assurance on when these cards will be reactivated.